Approvals Allow Cloud Peak To Operate In Ordinary Course

GILLETTE, WY - Cloud Peak Energy Inc. President and CEO, Colin Marshall said, “We are pleased to have received interim approval allowing us to continue operating as normal, as we continue the sale process for all of Cloud Peak’s assets. As we move through this process, we remain focused on safely and efficiently meeting our customer commitments. I would like to thank our employees, customers and business partners for their continued support.”

The Court granted Cloud Peak Energy interim approval to access $10 million of up to $35 million in debtor-in-possession (DIP) financing. The $35 million DIP financing, combined with the Company’s cash on hand and funds generated from ongoing operations, is expected to provide sufficient liquidity for the Company to continue operating in the ordinary course during the sale process. In addition, Cloud Peak Energy received Court approval to, among other things, continue payment of employee wages, salaries and benefits without interruption, and to pay vendors, suppliers and other providers essential to the Company’s business in full for goods and services provided after the filing date. The Company also received approval to continue entering into and fulfilling orders under sales contracts with customers in the ordinary course of business.

The company’s address is PO Box 3001, Gillette, WY 82717, (307) 687-6000, cloudpeakenergy.com.